Ann: SSH: SUM: SSH Notice - First NZ Capital Grou

• Release Date: 18/10/13 17:11
• Summary: SSH: SUM: SSH Notice - First NZ Capital Group Limited
• Price Sensitive: No
• Download Document  4.23KB

					SUM
18/10/2013 15:11
SSH

REL: 1511 HRS Summerset Group Holdings Limited

SSH: SUM: SSH Notice - First NZ Capital Group Limited

Disclosure of beginning to have substantial holding
Section 22, Securities Markets Act 1988

To: NZX Limited
And: Summerset Group Holdings Limited
Date this disclosure made: 18 October 2013

Substantial security holder(s) giving disclosure
Name(s): First NZ Capital Group Limited
Contact details: Martin Stearne, + 64 9 302 5523, [email protected]
Date on which substantial security holder(s) began to have substantial
holding: 18 October 2013

Summary of substantial holding to which disclosure relates
Class of listed voting securities: Summerset Group Holdings Limited ordinary
shares
Summary for: First NZ Capital Group Limited
For this disclosure,--
(a) total number held in class: 19,235,979
(b) total in class: 215,918,535
(c) total percentage held in class: 8.91%
Details of relevant interests currently in substantial holding
Details for: First NZ Capital Group Limited
Nature of relevant interest(s): Holding company of two subsidiaries which
collectively have a relevant interest in 8.91% of the shares in Summerset
Group Holdings Limited.  More specifically, First NZ Capital Group Limited is
the holding company of:
- Harbour Asset Management Limited, which currently has a relevant interest
in 3.12% of the ordinary shares in Summerset Group Holdings Limited (Harbour
Asset Management Limited has a relevant interest in these shares under
investment management contracts that give the powers of investment contained
in those contracts to acquire and dispose of interests in securities on
behalf, and for the benefit, of clients as the beneficial owner of the
securities. The investment management contracts appoint Harbour Asset
Management Limited as discretionary investment manager); and
- First NZ Capital Securities Limited, which as a result of acting as a
purchaser of, and as broker selling, voting securities purchased from QPE
Funds Management Pty Limited had a relevant interest of 5.79% of the ordinary
shares in Summerset Group Holdings Limited on 18 October 2013.
A relevant agreement is attached between QPE Funds Management Pty Limited and
First NZ Capital Securities Limited.
For that relevant interest,--
number held in class: 12,500,000
(b) percentage held in class: 5.79%
(c) current registered holder(s) of securities: See table below
(d) registered holder(s) of securities once transfers registered: See table
below
Further details for each subsidiary are in the table below.
 Harbour Asset Management Limited First NZ Capital Securities Limited
(a) number held in class:  6,735,979 12,500,000
(b) percentage held in class:
(c) current registered holder(s) of securities:
(d)  registered holder(s) of securities once transfers registered:  3.12%
 5.79%
QPE Funds Management Pty Limited
First NZ Capital Securities Limited

Details of transactions and events giving rise to person beginning to have
substantial holding
First NZ Capital Group Limited is the holding company of:
- Harbour Asset Management Limited, which currently has a relevant interest
(as described above) in 3.12% of the ordinary shares in Summerset Group
Holdings Limited (being an aggregate of 6,735,979 ordinary shares) as a
result of various on-market trades over time.
- First NZ Capital Securities Limited, which currently has a relevant
interest (as described above) in 5.79% of the ordinary shares in Summerset
Group Holdings Limited (being an aggregate of 12,500,000 ordinary shares) as
a result of acting as a purchaser of, and as broker selling, voting
securities purchased from QPE Funds Management Pty Limited.

Additional information
Nature of connection between substantial security holders: N/A
Address(es) of substantial security holder(s): Level 14, 171 Featherston
Street, Wellington.
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: None

Declaration
I, Martin William Stearne, declare that, to the best of my knowledge and
belief, the information contained in this disclosure is correct and that I am
duly authorised to make this disclosure by all persons for whom it is made.
End CA:00242587 For:SUM    Type:SSH        Time:2013-10-18 15:11:55